Alibaba 'aims to borrow $4b'

Alibaba Group Holding Ltd may borrow as much as $2 billion from China Development Bank Corp and another $2 billion from a syndicate of international lenders, according to two people familiar with the matter.

Alibaba Group plans to seek $1 billion each in a three- and four-year loans from CDB, the people said, asking not to be identified because the details are private.